The Generous Tony Pretrello

Tony Petrello is one of the richest CEO’s known in the country. Tony was born in Newark, New Jersey. With a scholarship, he went to Yale University and obtained a BS and MS degree in mathematics. Afterwards, he attended Harvard Law School and obtained a law degree.

In 1991, Tony received a job offer from Nabors Industries and became president and CEO shortly after. Nabors Industries supplies drilling rigs internationally. Houston and Bermuda is where the companies headquarters are located. It employs about 30,000 people and has helped oil and gas companies grow. His company, Nabors Industries Ltd. earned over $15 million dollars in 2016 from things like, stock options.

Tony Petrello is also a philanthropist. Him and his wife, Cynthia Petrello, are known for passionately donating to the medical community. Their daughter, Carena Petrello, was born with periventricular leukomalacia. A brain injury that is common in premature infants, that has an impact on the way she eats, walks and speaks. They’ve donated over $50 million dollars to help researchers find a cure for their daughter’s illness.

During Hurricane Harvey, Nabors Industries employees received paid time off to help whoever was in need. They went to multiple places on The Gulf Coast.The employees donated over $170,000 and Tony Petrello matched that amount.

Recently, Tony Petrello invited Tommy Tune, a broadway star, to his home in Houston. Tony Petrello and his wife held a welcome home party for Tommy. They had 50 of his friends to join them at the Petrello house.

Tony Petrello gave back to Yale University after the death of his mentor, Professor Serge Lang. Professor Serge Lang was a mathematician and well respected person. He wanted to honor his professor and made a donation of $150,000 and even decided to give $150,000 more to match alumni donations.

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